Prior-year data are required to be presented on government-wide statements.
Answer the following statement true (T) or false (F)
False
Prior year data may be presented, but it is not required.
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Assume that you want to determine the profit margin for a company. Which one of the following financial statements is the best source of this information?
a. Statement of retained earnings b. Statement of cash flows c. Statement of stockholders' equity d. Income statement
Which of the following principles states that a business's financial statements must report enough information for outsiders to make knowledgeable decisions about the company?
A) conservatism B) materiality concept C) disclosure principle D) consistency principle
How can an employee add value when using social media?
A) By endorsing colleagues on social networking sites B) By sharing interesting, helpful information and idea C) By protecting confidential information D) By making discriminatory remarks or arguments under an "anonymous" name E) By keeping topics to your area of expertise
The price below which the stock option holder does not have to exercise the option is called the:
a. floor price b. put price c. strike price d. call price e. exercising price